142 lose jobs as Bartels Packing shuts down Eugene plants
EUGENE, Ore. - Bartels Packing closed its 2 Eugene plants Friday and laid off 142 employees, according to the documents the company provided to the State of Oregon.
"We experienced significant difficulties over the past several months which have caused our business to falter including, among other things, a continuing decline in sales, accumulation of finished goods inventory, the recent and unexpected loss of one of our largest customers, the coming due of our line of credit and a shortage of sufficient working capital necessary to operate as a viable business," Chris Bartels wrote in a letter to employees. "The unanticipated loss of one of our largest customers only further exasperated our working capital issues rendering our business significantly less desirable to loan to or purchase."
Bartels had tried to sell the business to save the jobs.
"In an attempt to save the business and your jobs, we pursued several options for possible purchase but ultimately were unable to secure a qualified buyer with the last buyer electing to not move forward with a sale just this week," he wrote. "Further, we were unable to find parties interested in supplying the enormous working capital necessary for such a high risk and under-performing business. We regret that under the circumstances we were not able to provide you with advance notice of the closings."
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